$USOIL bull run fits logic & silences the "Oil is dead" bears!
While natural energy is certainly spiking on the speculation Oil has reached the end of its road, there is no sense telling that to the smart traders - the ones still benefitting from a multi-TRILLION dollar industry that will not go quietly. While in developed nations, bidding adieu to crude may happen "SOON" (within 15-years), developing nations will remain reliant on fossil fuels probably clear to the year 2175 if not 2200. Change and progress is not ever unilateral, and in this case, it will not be, nor will the areas of the world reliant on cheaper fuel turn to solar energy before nearly forced to.
OIL could die its death in California when that 2035 initiative passes, but one thing we have learned as United States citizens, is that Cali jumps the gun on EVERYTHING: Marijuana has been legal medicinally there since the mid-90s while still to this point roughly 60% of the other states have not yet done so. So feeding into that 2035 "no oil car" ban is the fact that California is decades "ahead" of the rest of the states when it comes to these "signs of progress."
Oil trading will die *someday*, and it will die quickly when the alternative energy is actually CHEAPER -- right now? It's nowhere close, meaning the transition, probably is not either.
This is all very speculative thought, but for anyone thinking OIL IS DEAD, they have a lot of homework to do before expecting every nation to conform to the whims of the self-proclaimed "Progress(ed)." The world has never worked that way to this point, so the OIL IS DEAD ALREADY crowd is not only ignoring history, but also ignoring the present. OIL returned to 45+ per barrel yesterday, and while the highs of 2018 may loom unrealized forever, there is plenty of LIFE IN DEATH, in using dead organisms' crude oil to power ...yes, even natural energy. Unless the fuel is 100 percent solar, it's coming from fossils at the root of it. There is no convenient way around this fact, for the naysayers.
Unsurprisingly, logic is winning again, and OIL BULLS are counting big profits the last week or so.
Hard to count profit from something that is dead, eh?
GO GET EM,
-BDR
Post-note: Want to gain? Check out the related IDEA (not advice! haha!) of the $GUSH oil ETF.
OIL could die its death in California when that 2035 initiative passes, but one thing we have learned as United States citizens, is that Cali jumps the gun on EVERYTHING: Marijuana has been legal medicinally there since the mid-90s while still to this point roughly 60% of the other states have not yet done so. So feeding into that 2035 "no oil car" ban is the fact that California is decades "ahead" of the rest of the states when it comes to these "signs of progress."
Oil trading will die *someday*, and it will die quickly when the alternative energy is actually CHEAPER -- right now? It's nowhere close, meaning the transition, probably is not either.
This is all very speculative thought, but for anyone thinking OIL IS DEAD, they have a lot of homework to do before expecting every nation to conform to the whims of the self-proclaimed "Progress(ed)." The world has never worked that way to this point, so the OIL IS DEAD ALREADY crowd is not only ignoring history, but also ignoring the present. OIL returned to 45+ per barrel yesterday, and while the highs of 2018 may loom unrealized forever, there is plenty of LIFE IN DEATH, in using dead organisms' crude oil to power ...yes, even natural energy. Unless the fuel is 100 percent solar, it's coming from fossils at the root of it. There is no convenient way around this fact, for the naysayers.
Unsurprisingly, logic is winning again, and OIL BULLS are counting big profits the last week or so.
Hard to count profit from something that is dead, eh?
GO GET EM,
-BDR
Post-note: Want to gain? Check out the related IDEA (not advice! haha!) of the $GUSH oil ETF.
Comment:
I should note that WIND & WATER turbines can create energy without the aid of fossil fuels. But the point made Re: fossils driving all processes still stands mostly. Even in non-fossil efforts, there is still TRANSPORT, via truck/train, from fossils. No escape from it.
Comment:
There should be some strong resistance at 45.66 since this tops out a FIB channel on the current trading channel. It will be surprising to see it close above 45.66, but the time to watch is, truly and literally - right now.
Comment:
45.8 is captured with some strong support, which means we really might see USOIL @ 50 before we thought possible, no disruption in overall uptick on a poor overall day for most of the S&P. If OIL goes 50+ ETFs such as GUSH will experience a rush of new investors ready to give their $ to oil stocks again.
